IT BEGAN AS A RADICAL IDEA. One that would change the face of risk transfer. What started with one employee and a borrowed telefax in a temporary office evolved into a multinational company that filled a vast need with innovative solutions. It went public, then global, and along the way helped reshape an entire industry.

Twenty years on, the XL group of companies is still doing things its own way, responding to world events with pioneering products, methods and initiatives that set it apart from its competitors. By doing so, we help businesses, communities and regions the world over to measure risks and recover from unthinkable events. Earthquakes, hurricanes, tsunamis, silicone implants, terrorism — the world of risk has changed fundamentally over two decades, and XL has evolved with it to play a vital economic role. Today, the XL group is a global insurance, reinsurance and financial-risk specialist on whom leading corporations depend.

As XL celebrates its first 20 years in 2006, we also celebrate what hasn’t changed: XL’s community involvement, its pride in employees, its commitment to clients and shareholders, and a unified sense of company culture that prizes integrity, respect, professionalism and teamwork.

With more than 3,500 employees in 72 locations around the world and assets of $58 billion, XL’s strength helps to support global economies by cushioning the impact of severe human and economic losses. XL continues to play a lead role in the ever-changing risk industry, and looks forward to the next chapters in a dynamic history.

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